| dc.description.abstract | This paper investigates whether family ownership and the degree of involvement
from the shareholders influence firm performance, primarily looking at family
firms. Family firms are unique in their low amount of owners and the frequent
interaction between the shareholders. They are driven by pride and honor of the
family name contrarily to non-family firms. We are using data of accounting and
governance information gathered by the Center of corporate governance research
(CCGR) from 2000-2017. Within our definition of family firm we find that family
firms produce weaker results than non-family firms, but if the family shareholders
are involved in the company by either chair or CEO, or if the founder of the firm
still is the CEO, then they do perform better than non-family firms. | en_US |
